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Official Gazette

Saturday, April 4, 2020
Financing projects in industrial zones: a view from practice Financing projects in industrial zones: a view from practice
Industrial zones have become a popular investment destination for foreign businesses. It is common now in practice to finance projects carried out in industrial zones and/or to take security over real estate located in those industrial zones. However, since the legal framework on lease of land in industrial zones remains complicated and has its limitations, such financing may turn risky for credit institutions in certain circumstances and at some stages. This article tries to present some legal aspects of extension of credit secured by real estate in industrial zones and suggest how to manage legal risks for credit institutions.
Penalties for breach of construction contracts Penalties for breach of construction contracts
In the context that there are different regulations of the Civil Code, the Commercial Law and the Construction Law regarding the maximum amount of penalty for breach of construction contract, this article will discuss about two legal issues: (i) principles for resolution of the conflict of laws that regulate construction contracts between the Civil Code, the Commercial Law and the Construction Law and (ii) the maximum amount of penalty for breach of construction contracts (including both state-funded construction works and private construction works).
Government determines to substantially improve business environment Government determines to substantially improve business environment
In the coming time, Vietnam’s investment and business environment will be substantially improved in a bid to further raise the country’s competitiveness, according to Government Resolution 02 inked by Prime Minister Nguyen Xuan Phuc on the first day of 2020.
EVFTA makes Vietnam more attractive to EU investors: German media EVFTA makes Vietnam more attractive to EU investors: German media
Foreign investors, especially those from the European Union (EU) would find it more appealing to land investment in Vietnam when the EU-Vietnam Free Trade Agreement (EVFTA) takes effect, according to German broadcaster Deutsche Welle (DW).
Cross-border services under Law on Tax Administration: fairer for domestic businesses Cross-border services under Law on Tax Administration: fairer for domestic businesses
After 10 years of implementation of the Law on Tax Administration, many positive results have been achieved. However, in addition to these results, there remain difficulties and challenges in tax administration activities, including management of taxation of businesses providing cross-border services on the Internet.
Security over deposits Security over deposits
In practice, deposits at banks are used as security a great deal. However, the legal framework applicable to that kind of property remains unclear. This article tries to give an overview of the applicable provisions regarding security over deposits and to suggest how to properly construe and improve them.
Businesses must entirely use e-invoices from late 2020 Businesses must entirely use e-invoices from late 2020
One year after the release of Government Decree 119 of 2018 on e-invoices in goods sale and service provision, the Ministry of Finance on September 30 issued a circular providing more detailed guidelines on this matter.
Notes to intellectual property in mergers and acquisitions Notes to intellectual property in mergers and acquisitions
Merger and acquisition (M&A) activities aim at taking control of a company through a merger or acquisition deal between two or more businesses to partially or wholly own that company. Typically, M&A activities evaluate most of the target company’s assets which include intellectual property rights. M&A has become familiar and popular with the Vietnamese business community over the last decade.
Heftier fines imposed for violators of competition law Heftier fines imposed for violators of competition law
The Government has recently issued Decree 75 in an attempt to strictly and resolutely handle violations of the competition law and adapt to the new market reality.
Vietnam attracts investors in the face of economic uncertainty Vietnam attracts investors in the face of economic uncertainty
Despite the slowdown in global deal-making due to ongoing worldwide economic uncertainty, Vietnam remains active in M&A in 2020, according to a new report by Baker McKenzie.

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